PARKRES: Decentralized Parking Reservation System

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WHAT IS PARKRES?

PARKRES gives a cutting edge tangible system to track and oversee stopping spots over a city and parking areas. It utilizes an IoT (Internet of Things) based tactile system to track and screen the parking spaces crosswise over stopping locations to suggest or enable you to reserve parking spots nearest to your goal ahead of time.

This progressive administration spares innumerable time, bother, movement congestion,fuel and paper waste as transactions are made with the PARKRES cryptographic money and installments can be made by telephone, on the web, auto payments,or month to month memberships. Framework additionally permits making payments by FIAT monetary forms and credit cards if client did as such finished advanced monetary standards.

PARKRES is an ecosystem that solves the problem of finding Parking places throughout the city. The system uses the IoT (Internet of Things), network for monitor and control of Parking spaces located closest to the place of residence of the applicant. It will also allow you to reserve a Parking space in advance.

PARKRES will help to improve the transport situation in the city center. In addition, the system has an intelligent notification service that can provide real-time alerts to customers about all available Parking places around them. PARKRES will also be able to provide a report on how many Parking spaces are available and at what location (with the coordinates of the Parking spot). It will save a lot of fuel and time. And also save the environment from harmful gas, burning precious natural resources.

Parkres Solution Provides

• real-time parking availability,

• advanced parking reservation,

• advanced payment and navigation to parking.

• Notifications and updates about traffic congestion

• Alternate parking spot suggestions

• Parking airbnb system, to help reduce parking scarcity in the city

The Parkres (PARK) token can be used as a utility token, within the system, and a value token traded on exchanges. As a utility token, it will offer discounted parking rates to token holders.

PARK tokens are only going to be available when needed. This means when a token is purchased it will be created, and when a token is used it will be burned. The process should make sure the value of the token will be stable. It will also create more demand for the token over time.

Parkres already has an online customer support team ready to handle inquiries about the token. Support is accessible online and via mobile. They believe that word of mouth will be an important part of their business and good customer service will provide customers with an experience that will help this along.

Benefits Of Parkres

Save time – It takes only seconds to make a booking and users do not need to circle around the blocks to find available parking spots. While payment can be done on the mobile app, instead of queuing at the kiosk.
Go Green! – Less gasoline is burnt, and no paper is wasted on parking tickets and receipts.
No hidden charges – Everything is transparent on the blockchain.
No foreign exchange issues – Cryptocurrency can be used globally without any conversion rate.
Earn side income - Individual parking spots owners will be able to list their spaces on the app.

Now that we have a solution to the problem, we know that we can have more quality time to be spent with our family and friends. 15 minutes wasted every day is 3.8 days a year. I’d rather be drinking beer for 3 days on a beach than finding parking spots!

What are The need of Decentralized Parking Reservation System (PARKRES)

* Traffic congestion is one of the biggest challenges faced due tolimited parking spaces.

Growing global population and the resultant increase in the number of vehicles on road are among

the key factors responsible for traffic congestion.

* Owing to the necessity of organized parking and reduction in trafficcongestion, the concept of parking reservation systems has beenintroduced. The system allows drivers to obtain parking

availability information.

According to ATCM, July 2014, Results from the survey confirm that drivers use a wide range of criteria to choose where to park.Unsurprisingly, their overriding concern is ‘location’, in other